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Search Results 0 to 20 of about 21 (some duplicates have been removed)
on a trampoline or deep pool. we think housing, autos, anything china related can be bought right here using weakness as an opportunity to buy and not sell as we work toward a deal. keep in mind that it might take until the super bowl when everyone by then would have seen the truncated paychecks and got to get a deal then. give them the failure of the government to rise up to a compromise on the cliff so far. you would expect a bigger sell-off today unless of course you recognize that a compromise is more easily reached in 2013 than 2012 and maybe a stopgap. if we wake for a kick the can deal, what's the point of selling? it's better to be a buyer instead of seller. compromise is far more likely than not despite last night's shenanigans. jack in florida, jack? >> caller: i read your book. i enjoyed it very much. >> thank you. >> caller: i'm following a sector rotation strategy with some of my investments. currently in the material sector. and hoping to catch more of the housing uprise. but with the fiscal cliff looming, i was wondering if you would advise more defenseless strategy like consu
in boosting inflation ultimately. the euro/dollar, 1.3221. so for trading in asia, just how japan, china and the rest have been affected by fiscal cliff news, diedra morris is join onning us with plenty more. hi. >> hey, kelly. it was a bit of a rude awaking. a lot of these indexes were on their way to gains and then we had the fiscal cliff setback. we had news that john boehner's plan b failed. this all turned red and this is where we ended. the nikkei 225 coming back from that huge rally that we have seen over the last five weeks shedding 1%. the exporters hurt here because the dollar/yen was lower. it has regained some ground in the last few hours or so. the kospi shedding about 1%. blame politicians in the u.s. and blame heavyweight samsung. this accounts for some 20% of market value on the kospi index. down 4%. that hurt the broader markets. this is, of course, because eu regulators are poised to excuse samsung of breaking competition rules and filing competition patent lawsuits against samsung. greater chinese markets, shanghai more isolated from global happenings and fiscal cliff
. if apple gets approval for the china mobile contract, and the television, the smart television which are both expected, anticipated this year, we're looking for earnings this coming year of $50. $50 times 14 is $700 price target. we have a $720 price target, bill. so we've put apple, qualcomm, microsoft, oracle, and your big club stocks. all of those have done well this year. the big winners of this month, the banks have come on super strong. china ma and japan. and i think you can start to nibble a little on china and japan, as well. >> michael, is there an argument to be made that you don't want to touch stocks right now until you have some clarity on this fiscal cliff? just in case we see a big sell-off? >> there is, but i'll argue, too, that you're talking about $600 billion being sucked out of the economy next year. the s&p made $20 trillion. while we are looking at the fiscal cliff countdown, there is another countdown to new all-year highs when the dow is close to the prior peak around 600% from here. investors should be looking overseas. you want to look where there is no fis
authorities in china were testing chicken that was supplied to cfc restaurants for excessive antibiotics there. the finding by the shanghai food and drug administration is, of course, a blow to kfc's reputation in china. they are already experiencing a lot of competition there. the update on this story is that yum has since issued a statement saying that they are cooperating with the government's review of these two poultry suppliers, and as such they do not anticipate to see a shortage of product supply. as you can see from the chart, we were down about 4% from yum. >> all right, thank you so much. we are waiting on president obama's statement on the state of negotiations in washington. the president is meeting right now with majority leader harry reid. they're meeting now, and at 5:00 p.m. eastern we are told the president will make a statement, which we will carry live for you right here on cnbc. keep it here as we take you live to the white house with the president. coming up, my observation on what today's selling is telling us about what's happening or not happening in washington. and in
runs deep. >>> some positive news after the closing. nike. the problem with china, china just went from head wind to tail wind. that's a great research company. research emotion, we decided was not worth selling or shorting. is it something to write home about? it's not bad. what matters is the tone of the market is much better than the tone out of washington. like i said, there's always ait. right here on "mad money." i'm jim cramer and i'll see you tomorrow. >>> good evening, everyone. i'm larry kudlow. so a crucial moment for our economy and for our right to bear arms. high drama on capitol hill right now as house republican speaker john boehner looks to pass his plan b fiscal cliff bill in a million dollar tax threshold. votes aren't there yet. that's why we are following this live through the whole thing this evening. >>> and as the president's new anti-gun violence task force starts work, we learn that now outside experts have yet joined that panel. meanwhile, the debate on gun control rages across the country. tonight we will hear from outspoken tv host piers morgan and form
an originator of new kinds of policies. if you take, for example, china policy i think that he may be reluctant to react to a china which is very different from the way it was in the past. >> brown: let me bring david ignatius back. i guess it depends on what you think is needed right now, right? >> i think the world's a mess as kerry believes. he's right. and needs a strong american voice. needs the sort of steady hand that some of these experiences can bring. i point i would make about kerry is that although he often comes across as a stiff, as an establishment figure very form layic, in terms of shall ideas an willness-- willingness to engage adversaries, reach out and try to find a channel to iran, for example, reach out to the palestinians, try to think of new ways to deal with the arab world, kerry is on the more innovative side. so i think he is not going to be a wild radical-- the country will miss having someone like susan rice who is a younger, different voice. but i think that kerry-- it's wrong to think of kerry of just being a throwback to 30 years ago. >> brown: is it clear still
think broadly of markets like china and brazil. these are markets that started to increase monetary easing. that have started to restructure their economies and certainly we think china has avoided very nicely a hard landing and will be back for growth track next year. >> talk to me about getting yield. that what everybody want right now. how are you doing it? high yield or investment grade securities or where? >> we are underweighted and they don't provide much of a yield these days. they are on high yield and we've had a barn burner of the year with high yield. we still think you can get high digit returns in 2013. and we are looking at global infrastructure in real estate as providing a nice sustainable yield for investors. >> the big debate down here for the past couple of days after the fed made its announcement is whether or not that will prick the bond bubble. where whether we are in a bond bubble or whether there was a bond bubble. where do you stand on that? >> it's interesting. when i think after bubble, i think of something that can burst and drag values down to zero. one
more cooperatively to counter china. so certainly senator kerry, if he becomes the next secretary of state have a full plate. >> what was he like in terms of his personality? i covered him in 2004 when he was running for president in george w. bush and he was not really able to relate or identify to everyday folks, but he has quite a reputation overseas and abroad. overseas and abroad he has a reputation for knowing issue and he has relationships with a lot of world leaders and it was senator john kerry who convinced afghan president hamid karzai to go for a runoff election when the presidential elections were in question and i think he's going to be able to relate to leaders suft as secretary clinton did as a politician when these leaders are having problems compromising to say, listen, i'm in your seat. i know where you've been and run for office before and i think that will serve him well. here in washington, he is seen as someone who is very confident and on top of his brief and also someone who likes to control issues, and such as the middle east. he's someone who drills down
are not as bad with fiscal cliff. china not as bad as we though, u.s. very strong. so nike, if it goes back to 97, it means we're going to have a real bad couple of days in my view. look at red hat. red hat is a technology company that is deeply involved in the cloud. they, too, had a better than expected number, as did oracle in the cloud. so these are my two tales for the trading today, david. if you pick the best of the best and they go down, you'll really have a couple of -- >> when it comes to the so-called cloud play and the use of it in the competition here, is that one of the key names? >> yes, it allows you to manage cloud in a cheap -- an anti-microsoft business. their partner is sales force.com. i'm really using these as tells. in other words, these are the ones where there's natural buyers. as we just found out how good things are. it wasn't like we found out a month ago. we just found out last night. if they have resilience, the market is going to be more resilient than people think. if they give up the ghost, i think next week's going to be difficult, too. >> all right. we'll be wat
other weapons. >> we'll leave it there. a thought for our viewers, think about what happened in china last week right when this >>> our third story "outfront," a major snowstorm paralyzing holiday travel. there has been near blizzard conditions already in chicago. half a foot of snow forecast and the timing coming be worse. tomorrow will be the worst day of the holiday season. karen mcginnis is out front. what's the latest on the storm and is it going to move east in. >> it is going to be moving east and this powerful area of low pressure is now centered just over the lower great lakes. it is moving fairly quickly now toward the east. so by tomorrow, it will be centered across the northeastern region with lots of wind being reported. but in chicago, it has been 290 days since they have seen significant snowfall. and now the snow has started to move in. when it is all said and done, it looks like chicago, some of the suburbs could see about a half a foot of snowfall with some winds, gusting up to as high as 60 miles an hour. i wanted to show you some pictures coming out of beaver dam i
, serbia, turkey, china and elsewhere. now the big question, since we're still here, what to to do about dinner? it could be end of traumatic stay in mexican jail for former u.s. marine arrested on vacation. correspondent steve harrigan has the story of an effort to get their son home for the holidays. >> john hammer's family goal was to get him home by christmas now. his parents, lawyer and congresswoman all say they expect his release today. >> amen, hallelujah, wonderful early christmas president for the family. the community rallied for john's liberty. >> the 27-year-old former marine is a combat veteran who served in iraq and afghanistan. after treatment for post traumatic stress disorder he and another former marine bought a used winnebago and planned surfing trip through mexico and costa rica. hammer's family maintains he declared the antique rifle he planned to use the hunt birds to custom agents on both sides of the border. he was arrested after entering mexico a taken to the notorious prison filled with drug cartel where for a time he was chained to a bed. his parents began to
-old american woman and a 25-year-old canadian man died. medical workers rushed survivors to a clinic. china. workers rescued a driver stranded in a blizzard. he says he lost sight of the road in the whiteout conditions and drove his pickup off the highway. an emergency worker got under the truck to tie on a tow rope. mexico. archaeologists say they dug up more than a dozen misshapen skulls. in an ancient burial ground in the northwest. they report signs of skull binding in which boards elongated the bones. experts say it was a right of passage into adulthood. most of the skeltons spain. richest lottery. more than $3.3 billion up for grabs in a country where one in four people is out of work. prize amounts vary and there are usually thousands of winners. the top prize this year, about a half million bucks. and that's a rap on this fox trip around the world in 80 seconds. the half million is worthless, of course because it's been a very good run in a span of about 200,000 years humans have created the wheel, the interwebs and twinkies. but it's all over in a matter of hours. there is no tomor
. >> 21. >> i'll show china how to dance. >> what defines me? >> ryan lochte. >> he embodies american exceptionalism. being world-class at something while still sounding like kind of an idiot. it is just as true today as the day it was placed in my hotel room. it tells of a tower a vast, decadent structure. erect the by those who saw themselves as god's eequals. asas paybacks for the presumptive. god curse their tongues making them speak in utter gibberish. >> ing the -- what? what do you want me to tell romney? i can't tell him that. i can't tell him to do that. >> that's right. i also learned that mitt romney can do that to himself. >> 47% of the people who vote for the president no matter what. >> stupid freeloaders. i'm glad none of them are here filling our water glasses and parking our cars and recording this. someone please tell me they're not recording this. mitt romney. that's me. mitt romney. and finally probably most importantly, i learned what paul ryan looks like when he works out. he lo
and wait it out. entry fee: a thousand dollars. in china, hundreds of people from the almighty god cult have been arrested for distributing leaflets. their crime? not warning of the end of the world but promoting war on the big red dragon-- the communist party. in the south of france it's believed by new ages to be the only safe place in the world. something to do with the shape of the mountain which overlooks the village. but today t.v. crews and police outnumbered prophets of doom. >> sreenivasan: in this country, nasa has produced a video to reassure those who need it. it's titled "why the world didn't end yesterday." the president of russia vladimir putin put new distance today between his government and the regime in syria. in his annual news conference, putin insisted his country is not protecting syrian president bashar assad. he urged assad to hold talks with the opposition, and negotiate an end to the bloodshed. >> ( translated ): we are not concerned about the fate of assad's regime. we understand what is going on there and that his family has been in power for 40 years. the c
in the world paying big in chin. in china, individuals cannot own any arms. we have the same kinds of violent situations going on. in connecticut they had some of the strongest gun-control laws in the country and it still occurred there. let's look at the problems that caused this to occur. let's focus on solving those problems instead of just saying it is guns. right now today in connecticut, also weapons -- an assault weapon is a machine gun. they are already controlled. someone cannot just go to the store and buy an assault weapon today. it is not about clips or number of rounds in a gun. we have to focus upon those problems that caused this young man to snap, to kill his mom. i cannot imagine that. and then go and kill six-year oldss. the guns did not make him do that. the guns were not evil. he is evil, his act is evil. we need to deal with what caused the problems. i don't think the guns caused it. host: back to your home state of georgia, james is on the phone on the independent line. caller: just a few things. georgia is last on the bottom of the education. you are doing nothing to he
of the year. we have stability in china because of economic activity and that was a drag and then we have the doj promising tease and the federal reserve doing the same thing and all of a sudden it is not the world looking over the cliff, but we 3-quarters of the world looking the other way starting to come back and that is the difference. tracy: what happens? we are stealing from queue to. >> we always steal from one quarter to another. tracy: europe might come back to bother us again the second half of the year. could that mean an okay first half, second half disaster's again? >> we never have smooth sailing at anything. sell in may and go away. which works sometimes and doesn't work. what we feel good about is investors are forced with a problem that dividend taxes are going to go up. to me that is a good problem because it is going to take investors out of the safety of the blue chips and staples and utilities and put them into faster growth equities. riskier. if we look at the risk bucket of assets if you look at low-quality munis and wrapped around a head for awhile, 3.5% yield pret
? china's got this fledgling recovery going. if you look at the trade numbers, they're extremely weak into the european bloc. they're okay into the u.s. bloc. but u.s. demand deteriorates, then there's no chinese recovery. and then the bid for commodities and all the demand related to that gets -- >> right. you said it, barry, because it's been signaling that in the currency market because the aussie dollar which is the proxy for the risk trade for asia has been very weak relative to the eu euro. that's signaling the market is very concerned about that going forward. >> copper, as well, i think is another indicator. >> you know, roger, i hear all of this, and you're somebody who knows what happens behind the scenes in washington. you know how these thingsz work. when you see how this is setting up at this point, what do you really see as the most likely scenario between now and the end of the year and then into january? >> first of all, i don't think anybody wins if we go over the fiscal cliff. i don't. i doubt we would stay over the cliff so to speak for more than very, very short pe
Search Results 0 to 20 of about 21 (some duplicates have been removed)

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